CoreCap Advisors LLC Takes $51,000 Position in Activision Blizzard, Inc. (NASDAQ:ATVI)

CoreCap Advisors LLC acquired a new stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 661 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Advisor Group Holdings Inc. grew its holdings in shares of Activision Blizzard by 24.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 109,139 shares of the company’s stock valued at $8,354,000 after purchasing an additional 21,647 shares during the last quarter. Cim LLC bought a new position in shares of Activision Blizzard during the 4th quarter valued at $2,458,000. Clearbridge Investments LLC grew its holdings in shares of Activision Blizzard by 4.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,182,754 shares of the company’s stock valued at $90,540,000 after purchasing an additional 51,441 shares during the last quarter. Capital Square LLC grew its holdings in shares of Activision Blizzard by 22.2% during the 4th quarter. Capital Square LLC now owns 25,328 shares of the company’s stock valued at $1,939,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. bought a new position in shares of Activision Blizzard during the 4th quarter valued at $315,000. Hedge funds and other institutional investors own 79.34% of the company’s stock.

Activision Blizzard Trading Up 0.2 %

Shares of NASDAQ ATVI opened at $80.20 on Thursday. The company has a market cap of $62.90 billion, a PE ratio of 34.13, a P/E/G ratio of 2.35 and a beta of 0.42. The firm’s 50 day moving average price is $81.10 and its 200-day moving average price is $78.02. Activision Blizzard, Inc. has a 52-week low of $70.94 and a 52-week high of $87.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.15 and a current ratio of 5.15.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ATVI shares. Robert W. Baird cut their price target on shares of Activision Blizzard from $95.00 to $90.00 in a report on Thursday, April 27th. BNP Paribas upgraded shares of Activision Blizzard from a “neutral” rating to an “outperform” rating in a research report on Friday, April 28th. Citigroup boosted their price objective on shares of Activision Blizzard from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Sunday, March 26th. Truist Financial boosted their price objective on shares of Activision Blizzard from $81.00 to $84.00 in a research report on Wednesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $90.00 in a research report on Thursday, February 16th. Sixteen analysts have rated the stock with a buy rating, According to MarketBeat, Activision Blizzard currently has an average rating of “Buy” and an average price target of $91.53.

Insider Activity at Activision Blizzard

In related news, COO Daniel Alegre sold 8,847 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $78.50, for a total transaction of $694,489.50. Following the transaction, the chief operating officer now owns 156,170 shares in the company, valued at $12,259,345. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Activision Blizzard news, COO Daniel Alegre sold 8,847 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $78.50, for a total transaction of $694,489.50. Following the completion of the sale, the chief operating officer now directly owns 156,170 shares of the company’s stock, valued at $12,259,345. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter J. Nolan bought 13,160 shares of Activision Blizzard stock in a transaction on Wednesday, May 3rd. The shares were acquired at an average cost of $75.99 per share, with a total value of $1,000,028.40. Following the completion of the acquisition, the director now owns 174,777 shares of the company’s stock, valued at approximately $13,281,304.23. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Activision Blizzard Profile

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Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.

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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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